Question

Visit the nearby vegetable market and try to find answers to the following questions.

1. Who decides the prices of different vegetables in the vegetable market?
2. Sometimes the prices of a few vegetables is too high, and sometimes too low. Why is this?
3. The price of tomatoes is high in the morning and eventually gets lower by the evening. Have you ever noticed this? Comment.

Answer 1

1. The prices are mainly decided by sellers based on demand, supply, and the prices at which they buy the vegetables.
2. Prices may be high when supply is low and demand is high. They may be low when supply is high and demand is low. Seasonal changes and quality also affect prices.
3. Yes, this can happen. Sellers may lower the price towards evening to sell the remaining tomatoes, especially if the supply is high or the tomatoes are perishable.